Flag Sweden / Norway Flag

2020
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Exports
: $14.2B, Rnk 2 / 216

2020
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Top Product
: $785M, Refined Petroleum

2020
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Exports
: $9.1B, Rnk 3 / 197

2020
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Top Product
: $3.4B, Crude Petroleum

2020
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Economic Complexity (ECI)
: ECI 1.59, Rnk 7 / 127

2020
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Economic Complexity (ECI)
: ECI 0.71, Rnk 36 / 127

2020
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GDP
: $541B, CURRENT US$
Rnk 22 / 195

2010-2020
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GDP GROWTH
: 9.16%, CURRENT US$
Rnk 142 / 195

2020
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 GDP
: $362B, CURRENT US$
Rnk 31 / 195

2010-2020
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GDP GROWTH
: -15.5%, CURRENT US$
Rnk 182 / 195

2020
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GDP PC 
: $52,274, CURRENT US$
Rnk 13 / 195

2010-2020
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GDP PC GROWTH
: -1.12%, CURRENT US$
Rnk 144 / 195

2020
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GDP PC
: $67,330, CURRENT US$
Rnk 7 / 195

2010-2020
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GDP PC GROWTH
: -23.2%, CURRENT US$
Rnk 176 / 195

Sweden-Norway In 2020, Sweden exported $14.2B to Norway. The main products that Sweden exported to Norway are Refined Petroleum ($785M), Broadcasting Equipment ($538M), and Packaged Medicaments ($379M). During the last 25 years the exports of Sweden to Norway have increased at an annualized rate of 3.69%, from $5.75B in 1995 to $14.2B in 2020.

In 2019, Sweden exported services to Norway worth $798M, with Travel ($358M), Transportation ($146M), and Other business services ($131M) being the largest in terms of value.

Norway-Sweden In 2020, Norway exported $9.1B to Sweden . The main products that Norway exported to Sweden were Crude Petroleum ($3.4B), Refined Petroleum ($409M), and Fish Fillets ($304M). During the last 25 years the exports of Norway to Sweden have increased at an annualized rate of 3.02%, from $4.33B in 1995 to $9.1B in 2020.

In 2009, Norway exported services to Sweden worth $4.52B, with Other business services ($1.43B), Travel ($974M), and Computer and information services ($646M) being the largest in terms of value.

Comparison In 2020,  Sweden ranked 7 in the Economic Complexity Index (ECI 1.59), and 32 in total exports ($152B). That same year, Norway ranked 36 in the Economic Complexity Index (ECI 0.71), and 38 in total exports ($86.2B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2020, Sweden exported $14.2B to Norway. The main products exported from Sweden to Norway were Refined Petroleum ($785M), Broadcasting Equipment ($538M), and Packaged Medicaments ($379M). During the last 25 years the exports of Sweden to Norway have increased at an annualized rate of 3.69%, from $5.75B in 1995 to $14.2B in 2020.

In 2020, Norway exported $9.1B to Sweden. The main products exported from Norway to Sweden were Crude Petroleum ($3.4B), Refined Petroleum ($409M), and Fish Fillets ($304M). During the last 25 years the exports of Norway to Sweden have increased at an annualized rate of 3.02%, from $4.33B in 1995 to $9.1B in 2020.

Market Competitiveness

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Measure

Sweden
Top Destination
: Germany, $15.9B

Norway
Top Destination
: United Kingdom, $14B

This map shows whether countries import more from Sweden or Norway. Each country is colored based on the difference in imports they receive from Sweden and Norway or the difference in the growth in imports.

In 2019, countries that imported more from Sweden than Norway were United States ($12.7B), Denmark ($11.6B), and Finland ($9.44B).

In 2019, countries that imported more from Norway than Sweden were United Kingdom ($14B), Nigeria ($769M), and Iceland ($490M).

Comparative Advantage Sweden - Norway

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Flow

This chart compares trade between Sweden and Norway by product, considering products traded by both, Sweden and Norway.

During 2020, Sweden had a large net trade with Norway in the exports of Machines ($3.8B), Chemical Products ($1.31B), and Metals ($1.2B).

During 2020, Norway had a large net trade with Sweden in the exports of Mineral Products ($4.24B), Metals ($873M), and Animal Products ($759M).

Tariff Section

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This section shows import tariffs for products traded between Sweden and Norway (using the HS6 product classification and the last year reported).

In 2019, the products from Sweden that paid the highest import tariffs to enter Norway were Sugar beet (168%) and Whey (164%).

In 2019, the products from Norway that paid the highest import tariffs to enter Sweden were Flour or meal, pellet of meat or offal for animal fee (1.99k%) and Meat and edible meat offal: salted, in brine, dried or smoked: edible flours, meals of meat or meat offal, of whales, dolphins, porpoises (of order Cetacea): manatees, dugongs (of order Sirenia): seals, sea lions, and walruses (of suborder Pinnipedia) (1.12k%).

*The tariffs present between Sweden and Norway are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
281: Preferential tariff for Norway
281: Preferential tariff for Norway

Bilateral Service Trade

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In 2019, Sweden exported services to Norway worth $798M, with Travel ($358M), Transportation ($146M), and Other business services ($131M) being the largest in terms of value.

In 2009, Norway exported services to Sweden worth $4.52B, with Other business services ($1.43B), Travel ($974M), and Computer and information services ($646M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Sweden has comparative advantage over Norway. Similarly, the more yellow a dot/product is, the more Norway has comparative advantage over Sweden.